Common use of Discharge of Liability on Notes Clause in Contracts

Discharge of Liability on Notes. When (a) all outstanding Notes (other than Notes replaced pursuant to Section 2.07) for cancellation have been delivered to the Registrar or (b) all outstanding Notes have become due and payable, and the Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash and/or shares of Common Stock (solely to satisfy outstanding conversions, if applicable) sufficient to pay all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.07), and if in either case the Company pays all other sums payable hereunder by the Company with respect to the outstanding Notes, then this Indenture shall, subject to Section 7.07, cease to be of further effect with respect to the Notes or any Holders. The Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Notes on demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost and expense of the Company.

Appears in 3 contracts

Samples: Fundamental Change Purchase (Rh), Fundamental Change Purchase (Rh), Indenture (Restoration Hardware Holdings Inc)

AutoNDA by SimpleDocs

Discharge of Liability on Notes. When (ai) the Company delivers to the Trustee all outstanding Notes (other than Notes replaced pursuant to Section 2.07) for cancellation have been delivered to the Registrar or (bii) all outstanding Notes have become due and payable, payable and the Company irrevocably deposits with the Trustee or delivers to cash or, if expressly permitted by the Holdersterms of the Notes, as applicable, cash and/or shares of Class A Common Stock (solely to satisfy outstanding conversions, if applicable) sufficient to pay all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.072.09 of this Indenture), and if in either case the Company pays all other sums payable hereunder by the Company with respect to the outstanding NotesCompany, then this Indenture and the Supplemental Indenture shall, subject to Section 7.077.06 of this Indenture, cease to be of further effect with respect to the Notes or any HoldersNotes. The Trustee shall acknowledge join in the execution of a document prepared by the Company acknowledging satisfaction and discharge of this Indenture with respect to and the Notes Supplemental Indenture on demand of the Company accompanied by an Officer’s Officers' Certificate and an Opinion of Counsel and at the cost and expense of the Company.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Cox Communications Inc /De/), Fourth Supplemental Indenture (Cox Communications Inc /De/)

Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.073.6 of the Original Indenture) for cancellation have been delivered to the Registrar or (b) all outstanding Notes have become due and payable, and the Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash and/or and shares of Common Stock (solely to satisfy outstanding conversions, if applicable) sufficient to pay all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.073.6 of the Original Indenture), and if if, in either case case, the Company pays all other sums payable hereunder by the Company with respect to the outstanding NotesCompany, then this Supplemental Indenture shall, subject to Section 7.07, shall cease to be of further effect with respect to the Notes or any Holderseffect. The Trustee shall acknowledge satisfaction and discharge of this Supplemental Indenture with respect to the Notes on demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost and expense of the Company.

Appears in 1 contract

Samples: Second Supplemental Indenture (Mgic Investment Corp)

AutoNDA by SimpleDocs

Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.073.6 of the Original Indenture) for cancellation have been delivered to the Registrar or (b) all outstanding Notes have become due and payable, and the Company irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash and/or and shares of Common Stock (solely to satisfy outstanding conversions, if applicable) sufficient to pay all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.073.6 of the Original Indenture), and if in either case the Company pays all other sums payable hereunder by the Company with respect to the outstanding NotesCompany, then this Supplemental Indenture shall, subject to Section 7.07, shall cease to be of further effect with respect to the Notes or any Holderseffect. The Trustee shall acknowledge satisfaction and discharge of this Supplemental Indenture with respect to the Notes on demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost and expense of the Company.

Appears in 1 contract

Samples: Supplemental Indenture (Mgic Investment Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.